With onshore consent announced earlier this month, Green Volt has now received all its planning approvals and remains on track to be the first commercial-scale offshore windfarm in Europe.
When completed, Green Volt will include up to 35 floating wind turbines, providing up to 560 MW of renewable energy capacity. As part of Crown Estate Scotland's Innovation and Targeted Oil & Gas (INTOG) leasing round, the project will deliver renewable electricity to oil and gas platforms, replacing existing natural gas and diesel power generation.
Green Volt will also provide electricity to the UK grid. Green Volt is 50% owned by Flotation Energy and 50% by Vårgrønn.
"It is great news that we have consented the first project in the Crown Estate Scotland's Innovation and Targeted Oil and Gas (INTOG) leasing round – this is a significant milestone which will help secure Scotland's place at the forefront of floating wind technology.
"Investor confidence in Scotland's renewable sector is growing as illustrated by significant investments in ScotWind leasing rounds and in the ports and supply chain infrastructure facilities that will enable the sector to develop," said Humza Yousaf, First Minister of Scotland.
"It is fantastic to have received the green light to deliver the world's biggest floating offshore wind project, right here in the Scottish North Sea. This major milestone places Flotation Energy and our Joint Venture Partner, Vårgrønn, firmly at the heart of the energy transition.
"Gaining consent just over a year after our seabed exclusivity was awarded is a testament to the commitment, speed and determination of our Green Volt team, the Scottish Government and its key agencies.
"Green Volt is of international significance, placing Scotland at the leading edge of a new floating wind sector. This multi-billion pound development can now move forward confidently, creating hundreds of local jobs and proving that the UK and Scottish supply chain is ready to deliver commercial scale floating projects, at pace," commented Nicol Stephen, CEO at Flotation Energy.
As part of the North Sea Transition Deal, oil and gas operators have agreed to deliver 50% reduction in offshore greenhouse gas emissions by 2030. A new emission reduction plan published by North Sea Transition Authority in March 2024 places electrification of offshore platforms at the centre of emissions reductions.
As Green Volt moves forward with its development, the project remains committed to engaging with on and offshore stakeholders, upholding rigorous environmental stewardship practices.
